Flipkart restructures commerce unit days after new CEO: Report

The commerce platform, which is Flipkart's biggest business and led by Myntra co-founder Mukesh Bansal, will now be organized into 3 large product oriented groups and an engineering divisionETtech | January 13, 2016, 16:42 IST

The commerce platform, which is Flipkart's biggest business and led by Myntra co-founder Mukesh Bansal, will now be organized into 3 large product oriented groups and an engineering division, Mint said citing sources. The three product groups will be - marketplace product group, consumer product group and service product group.

The marketplace product group led by chief business officer Ankit Nagori, will be responsible for Flipkart’s third-party sellers while the consumer product group led by senior vice president of product Surojit Chatterjee, will be in charge of improving customer experience, Flipkart mobile app and search.

The service product group led by former commerce platform COO Saikiran Krishnamurthy will be responsible for fulfilment, post-delivery and seller services. The engineering division will however continue to be led by chief technology officer Peeyush Ranjan.

Flipkart chief product officer Punit Soni who was previously managing all these product teams, will leave his role and work with the new CEO Binny Bansal on company-wide initiatives in an unspecified role, the report added.

Sachin Bansal will provide strategic direction, mentor the senior leadership and look for new investment opportunities while Binny Bansal who was previously looking after the e-tailer's supply chain and logistics business, will now be responsible for operationally driving the company and will be accountable for Flipkart's overall performance, the company said.

Mukesh Bansal will continue as the head of Flipkart commerce platform and will also have additional responsibility of the ads business, which was previously overseen by Sachin Bansal, Flipkart added.

Flipkart is currently India's most valuable Internet company estimated to be worth about $15 billion. It is currently in talks with investors to raise about $1.4 billion so as to maintain its leadership in the online retail market, ET reported earlier this month.